I wanted to share some additional thoughts to my previous post on my work with couples and money.
While happily married couples are generally compatible, they have some dynamic differences between them as well. This often comes out in their money relationship and can be quite wonderful to explore. The key is to be able to talk about money and share a vision for your life.
Sometimes one person has been managing the money for years and they want to shift to feeling more equal around the financial decision making. They want to be able to explore what is and isn’t working around their money, and feel like they are on the same page about both their present and their future.
Couples sometimes have fairly different backgrounds around money and different “money personalities”. This is not a bad thing- in fact, it is very common. (Besides, it’s not very sexy to marry your clone- of course you have differences!) “Savers” often marry “spenders” (in a very simplistic sense) and couples often want to transcend this, as it tends to not work for either person. Likewise, “money worriers” often marry “money avoiders”, and eventually this doesn’t work for either person, but they don’t know what to do.
And often one person is more detailed oriented while the other is a bit more “big picture” oriented, though of course everyone needs both of these abilities.
Money coaching helps you explore your differences and utilize your individual strengths around money, while shoring up your weaknesses. There is a sense of being a team and money coaching facilities this. This work is about exploring how to balance your present needs, wants, income and expenses, while making sure you avoid debt you don’t want, you build savings that makes you feel great, and you have a way to talk about money and make financial decisions. It is about how to create a life you both really love, as well as a future you look forward to.
(see previous post on Couples money coaching – becoming the dream team you knew you could be)